Bauhaus International (HKG:0483) expects a net profit of between HK$7 million and HK$11 million for the year ended March 31, up from HK$1.2 million a year prior, a Friday Hong Kong bourse filing said.
The apparel company attributed the higher anticipated profit mainly to the reversal of impairment provision on right-of-use assets, and a lower impairment provision on property, plant, and equipment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.